On Monday (March 19), the price of gold is now $2,159.
According to the current gold trend, gold prices will continue to fluctuate within a narrow range.
Gold remains at high levels and is trading sideways in a narrow range for the time being. On the four-hour gold chart, the price of gold is still suppressed by the moving average and is below the middle track of the Bollinger Bands. The high points are successively lower, seemingly forming a downward channel. The technical indicator MACD energy column continues to remain below the zero axis, indicating that gold's situation under short-term pressure has not changed significantly. Initial support below is $2,142.15, with further levels at $2,130.66 and $2,110.45. Only if the upper limit breaks through $2,176 can the upward trend be expected to continue.
Short-term gold trading recommendations: short around $2,160.
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